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Forum » Labor force participation rate falls to lowest in 50 years, outside of Covid era
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Thread: Labor force participation rate falls to lowest in 50 years, outside of Covid era

post 10000242533 07-03-2026, 02:31 PM
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#31
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Originally Posted By Basedbabyy⏩
I think it’s a lot of young men realizing the juice ain’t worth the squeeze
This
post 10000242535 07-03-2026, 02:32 PM
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#32
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Originally Posted By OPGenesis⏩
You don't understand the way the economy works.

But, in short there are two different economies.

The productive economy, where people pay taxes, which are based off labor. And the financial economy, where people don't pay taxes, which is based on assets.

This is why it's been proposed to implement a tax on assets, because the value of the financial economy dwarfs the productive economy in dollar value.

That is why all the people at the top want to be compensated in stocks, options and other securities.

It's also why the US is always running massive budget deficits.

You need to learn to differentiate income tax and wealth.
When pressed to provide an example, you don't give it, and accuse me just not understanding how the economy really works.

The financial economy has taxes. It is called capital gains. Assets, typically stocks, are taxed when sold. This is pretty basic stuff.
post 10000242566 07-03-2026, 02:50 PM
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#33
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Originally Posted By JeepBruh⏩
When pressed to provide an example, you don't give it, and accuse me just not understanding how the economy really works.

The financial economy has taxes. It is called capital gains. Assets, typically stocks, are taxed when sold. This is pretty basic stuff.
Lmao. You just proved my point.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242570 07-03-2026, 02:52 PM
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#34
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Originally Posted By DrugsToGetHigh⏩
$20/hr is 40k, like 2400 after tax Unless you’re doing OT
Sorry you're right - I meant $25 an hour.
post 10000242573 07-03-2026, 02:52 PM
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#35
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Originally Posted By OPGenesis⏩
Lmao. You just proved my point.
Glad we are in agreement that the wealthy pay taxes. And the vast majority of it.
post 10000242575 07-03-2026, 02:53 PM
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#36
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Originally Posted By JeepBruh⏩
Glad we are in agreement that the wealthy pay taxes. And the vast majority of it.
No. You’re just too stupid to see you’re proving my point.

As I said. You don’t understand the economy.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242622 07-03-2026, 03:19 PM
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#37
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Until stocks and RE decline the upper arm of the K is booming.

Between government safety nets, multi generational housing and the fat that can be cut from every Americans quality of life; the lower K arm can extend a long way.

Considering we are where we are right now after the predictions coming out 3 months ago and the reality in between, I'd say recessions are a thing of the past. Just print BS numbers and pump the market.
**Florida Crew**
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post 10000242626 07-03-2026, 03:21 PM
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#38
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Originally Posted By naich⏩
Until stocks and RE decline the upper arm of the K is booming.

Between government safety nets, multi generational housing and the fat that can be cut from every Americans quality of life; the lower K arm can extend a long way.

Considering we are where we are right now after the predictions coming out 3 months ago and the reality in between, I'd say recessions are a thing of the past. Just print BS numbers and pump the market.
Yea, they figured it out. These markets can never crash. But the bottom 90% will have to deal with the hardship of their quality of life being chipped away slowly over time.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242657 07-03-2026, 03:38 PM
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#39
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neet crew for life
post 10000242692 07-03-2026, 03:50 PM
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#40
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Originally Posted By edwardhaskell⏩
neet crew for life
Based
post 10000242696 07-03-2026, 03:51 PM
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#41
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Originally Posted By OPGenesis⏩
Yea, they figured it out. These markets can never crash. But the bottom 90% will have to deal with the hardship of their quality of life being chipped away slowly over time.
The gap is only going to increase, to the point where there is barely a middle class anymore. In fact, we might already be there. I make six figures and still don't consider myself middle class, especially in Canada.
post 10000242733 07-03-2026, 04:14 PM
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#42
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Originally Posted By WoofieNugget⏩
The gap is only going to increase, to the point where there is barely a middle class anymore. In fact, we might already be there. I make six figures and still don't consider myself middle class, especially in Canada.
I'm six figures, and it definitely isn't comfortable without playing your cards right.


Don't get me wrong, I'm grateful, and live within my means, but in no way am I ballin or anything.


I know dumb fucks I work with with 2500, 3200 a month mortgages that are hanging on the tight rope.


Living check to check.


I guess its all how you play your cards these days, but it definitely isn't easy.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242748 07-03-2026, 04:21 PM
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#43
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Originally Posted By Ironmanlet⏩
The number of people actually buying into the slave wage program is what is crazy. It is unsustainable and will absolutely collapse.
Good point. Everyone should just be on welfare
post 10000242802 07-03-2026, 04:48 PM
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#44
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Originally Posted By JeepBruh⏩
They do pay taxes though. Again, top 1% account for about 40% of tax revenue. IRS data shows this. Unless there is a "real elite" criteria differentiator that you are aware of that I am not.

Not trying to be snarky, just would like for you to explain that a little better and give an example if possible.
That's based on income, not assets. Elon Musk actually has very little income and lots of assets. Rather than selling those assets, which would trigger income tax on the gains, he borrows against them at very low rates. That's why a lot on the left are calling for an asset tax on the very wealthy.

A much better alternative would be to just tax consumption rather than income.
"Bones heal, pain is temporary, and chicks dig scars" - Evel Knievel
post 10000242811 07-03-2026, 04:52 PM
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#45
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Originally Posted By TheParish⏩
Good point. Everyone should just be on welfare
Or….


Billionaires don’t exist, we don’t have forever wars, and the population works a healthy amount of time and uses the fruits of their labor to benefit their local communities as they see fit.


Welfare is not the problem you brainwashed idiots.

Corporate greed and tyranny are.
“The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.“

PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 10000242826 07-03-2026, 05:09 PM
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#46
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Originally Posted By stevebec⏩
That's based on income, not assets. Elon Musk actually has very little income and lots of assets. Rather than selling those assets, which would trigger income tax on the gains, he borrows against them at very low rates. That's why a lot on the left are calling for an asset tax on the very wealthy.

A much better alternative would be to just tax consumption rather than income.
Where does he get the money from to make the payments on the loan though.... He sells stocks. He then pays capital gains tax, and uses the remaining to pay off the monthly payment.

Taxes are getting paid. Whether he does it all up front, or a few years down the line, he is still paying taxes.
post 10000242828 07-03-2026, 05:10 PM
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#47
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Originally Posted By stevebec⏩
That's based on income, not assets. Elon Musk actually has very little income and lots of assets. Rather than selling those assets, which would trigger income tax on the gains, he borrows against them at very low rates. That's why a lot on the left are calling for an asset tax on the very wealthy.

A much better alternative would be to just tax consumption rather than income.
Even if you tax capital gains, assets are taxed at half the rate. And with the amount of loopholes available you're paying next to nothing.


But as you said, you can just borrow against your assets, roll the interest into the principle, and have your heirs inherit your assets with no taxes collected on it.

As long as the fed does away with the risk by constantly bailing out asset markets, and returns keep on surpassing the interest, the loans will sustain the debtor for a life time.


The solutions that need be came to terms with are restructuring debt that weighs down the economy that will never get paid back, and doing away with the income tax.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242835 07-03-2026, 05:14 PM
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#48
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Originally Posted By JeepBruh⏩
Where does he get the money from to make the payments on the loan though.... He sells stocks. He then pays capital gains tax, and uses the remaining to pay off the monthly payment.
LMAO. Povertycel doesn't understand the way shit works. Keep exposing yourself, man. This post said it all.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242838 07-03-2026, 05:17 PM
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#49
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Originally Posted By OPGenesis⏩
LMAO. Povertycel doesn't understand the way shit works. Keep exposing yourself, man. This post said it all.
Always the name calling. Never an argument.
post 10000242842 07-03-2026, 05:19 PM
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#50
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Originally Posted By JeepBruh⏩
Always the name calling. Never an argument.
Should have kept your mouth shut instead of exposing yourself, Trumpling lmao..
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242849 07-03-2026, 05:21 PM
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#51
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Originally Posted By WoofieNugget⏩
The gap is only going to increase, to the point where there is barely a middle class anymore. In fact, we might already be there. I make six figures and still don't consider myself middle class, especially in Canada.
Pretty sure we are already there owning real estate before 2020 = king everyone else is a peasant
post 10000242853 07-03-2026, 05:22 PM
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#52
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Originally Posted By JeepBruh⏩
Glad we are in agreement that the wealthy pay taxes. And the vast majority of it.
You are the most braindead bootlicking NPC on this board.
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PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 10000242854 07-03-2026, 05:24 PM
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#53
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Originally Posted By Ironmanlet⏩
You are the most braindead bootlicking NPC on this board.
He's bad lol. I've read his posts previously. Useful idiot.


Scary thing is he thinks he's smart enough to have an opinion.
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242857 07-03-2026, 05:24 PM
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#54
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Originally Posted By stevebec⏩
That's based on income, not assets. Elon Musk actually has very little income and lots of assets. Rather than selling those assets, which would trigger income tax on the gains, he borrows against them at very low rates. That's why a lot on the left are calling for an asset tax on the very wealthy.

A much better alternative would be to just tax consumption rather than income.
Just want to add that I agree with the tax based on consumption system. Also that asset tax is just another name for asset confiscation. Basically a new way of saying you will own nothing and be happy.
post 10000242868 07-03-2026, 05:28 PM
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#55
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Originally Posted By OPGenesis⏩
Should have kept your mouth shut instead of exposing yourself, Trumpling lmao..
Imagine taking anything this retard says serious he sold a payed off house he inherited and used it to buy a ****** car and some shoes
post 10000242872 07-03-2026, 05:29 PM
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#56
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Originally Posted By JeepBruh⏩
Just want to add that I agree with the tax based on consumption system. Also that asset tax is just another name for asset confiscation. Basically a new way of saying you will own nothing and be happy.
Soon we won’t have full property tax in Florida but if you really wanna have wealth untaxed buy precious metals.
post 10000242873 07-03-2026, 05:30 PM
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#57
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Originally Posted By Basedbabyy⏩
Pretty sure we are already there owning real estate before 2020 = king everyone else is a peasant
i think this may be the right 😮
post 10000242878 07-03-2026, 05:33 PM
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Originally Posted By Basedbabyy⏩
Imagine taking anything this retard says serious he sold a payed off house he inherited and used it to buy a ****** car and some shoes
Edit: you're talking about OPGenesis. That is actually hilarious and explains alot.
post 10000242881 07-03-2026, 05:33 PM
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#59
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Originally Posted By Basedbabyy⏩
Imagine taking anything this retard says serious he sold a payed off house he inherited and used it to buy a ****** car and some shoes
I have the ability to do what I want. Have good income, pension, annuity, 401k. Everything else is gravy.


Don't be mad I can drive a hell cat, my boi lol
"I am a rational animal who occupies the intermediary position between angel and beast"

"The upper class is afforded their position by the collective burden the underclass must carry for them"


**Summer Walker Crew**
post 10000242895 07-03-2026, 05:40 PM
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#60
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Originally Posted By Basedbabyy⏩
Soon we won’t have full property tax in Florida but if you really wanna have wealth untaxed buy precious metals.
I almost moved there when Covid started. Really wish I had because that state keeps doing everything right.

And I've owned precious metals for years. Physical and digital.
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